US Stock Market Move | After the release, the quantum encryption chip SEALSQ Corp (LAES.US) surged more than 8%.

On Friday, the stock price of SEALSQ Corp (LAES.US) rose, as of the time of writing, the stock was up more than 8%, at $6.889 per share. On the news front, the company is set to launch a post-quantum cryptography chip and develop Quantum Application Specific Integrated Circuits (ASICs) and related intellectual property. Additionally, they are building a secure system based on chiplet architecture as one of the core strategies to integrate their newly acquired French ASIC design company IC'Alps. Sealsq stated that the first chip prototype is expected to be unveiled next year. The company mentioned that the integrated team will be able to provide a variety of security hardware products, including standard chips, custom ASICs, and security IP solutions, to meet the growing trend in the market for semiconductors with quantum resistance and localized research and development.